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Analysis: How would a Haynesworth trade financially impact the Redskins?

With today's trade deadline looming, all indications, at least judging from what Redskins GM Bruce Allen has told the media, are that Albert Haynesworth will not be traded prior to the 4 p.m. deadline. However, Coach Mike Shanahan stopped short of ruling it out, and NFL Network's Jason La Canfora reports that the Redskins may be lowering their asking price for the defensive tackle.

With this in mind, in the event of a Haynesworth trade, here is what the impact would be from a financial and accounting standpoint for both the Redskins and the team that acquires the contract.

Haynesworth currently has a team salary number (formerly referred to a cap number when there was a cap) of $25.6 million. The number consists of his $3.6 million salary, $1 million signing bonus proration (the signing bonus he received in February 2009), and his $21 million signing bonus from March that, due to creative contract restructuring on the part of the Redskins, did not prorate.

If Haynesworth is traded, then his new Redskins team salary number would be $26.3 million, consisting of the $1.3 million in salary he has made over 6/17th of the season with the Redskins, $4 million of February 2009 signing bonus proration ($3 million of which accelerated into this year by virtue of the trade), and the $21 million signing bonus from earlier this year.

All in all, from team salary "accounting" standpoint, Haynesworth would count more against team salary, $26.3 million versus $25.6 million, if he were to be traded. However, due to the uncapped year, from the Redskins' perspective, the increase in team salary is not prohibitive.

In exchange for the compensation provided to the Redskins, the club that acquires Haynesworth's contract would take on the responsibility of the balance of his 2010 salary, 11/17th of $3.6 million ($2.3 million). Because Haynesworth skipped minicamp this offseason, he voided not only the $3.6 million guarantee of his 2010 salary, but also the guarantee of his 2011 $5.4 million salary. Therefore, the club that acquires his contract has no responsibility for guaranteed money to Haynesworth. Over the remainder of this season and into the 2011 and 2012 seasons, Haynesworth is due $14.9 million between salary ($14.4 million) and a workout bonus ($500K), again, none of which is guaranteed.

The club that would acquire him in a trade would have to make a significant decision leading into the 2013 season, when the contract for a then-32 year old Haynesworth contains a provision for a $20 million signing bonus and the contract containing further compensation for the balance of the deal totaling $31.8 million.

There's a value to be had in trading for Haynesworth. For a player of his talent, to only have to pay him a non-guaranteed average of nearly $6 million per year over the remaining two and half seasons before his hefty bonus is an absolute bargain relative to elite defensive tackles.

A native Washingtonian, J.I. Halsell spent two seasons as a salary cap analyst for the Washington Redskins. Prior to his tenure in Washington, he spent two years working in the NFL Management Council, and now pens a blog entitled "Under the Cap" for FootballOutsiders.com. Follow him on Twitter at @SalaryCap101.

Conversely, my Cowboys have six home games coming up and we'll take care of business at home like we always do. Play time is over!!
Posted by:

MrIrvin88

Explain to me sir what the business is that you take care of "like we always do"?

I can help you:

- Is it the business of choking?
- Is it the business of coaching incompetence?
- Is it the business of stupidity as evidenced by the multiple bone-headed celebration penalties?

What is it exactly that a 1-4 team needs to celebrate anyway? Are the Cowhomos celebrating the fact that they will be on vacation at the end of the regular season? Well, that's nothing new. Maybe they're still celebrating their LONE PLAYOFFF WIN IN THIS CENTURY. Maybe they're just celebrating the fact that they were able to score in spite of their choking-dog of a QB. I know I would.

And for 10PetersInMouth, what do you dare hang your hat on as a Cowhomo fan? Maybe you are proud of how gracious the Cowhomos are by clearing the way for a better NFC team to play in their house on Super Bowl Sunday while they fetch beers and nachos for their guests.

a significant contributing factor to him developing this was traumatic brain injuries(concussions)

Posted by: PortisPocketsStr8 | October 19, 2010 12:18 PM |

one more time, concussions and parkinson's disease are two different things. from concussions you can aquire parkinsonism, which are the same type symptoms as parkinson's disease, but it is not parkinson's disease. the diagnosis you are referring to is called Dementia pugilistica.

one more time, concussions and parkinson's disease are two different things. from concussions you can aquire parkinsonism, which are the same type symptoms as parkinson's disease, but it is not parkinson's disease. the diagnosis you are referring to is called Dementia pugilistica.

Posted by: hessone | October 19, 2010 12:28 PM | Report abuse

Are you a doctor? How exactly do you know that brain damage does not contribute to Parkinson's itself?

Do you have a point you are trying to make. Or just arguing for the sake of arguing.

I said end up "like" Ali. I would say displaying the same symptoms as Ali qualifies as ending up "like" him.

Are you a doctor? How exactly do you know that brain damage does not contribute to Parkinson's itself?

Do you have a point you are trying to make. Or just arguing for the sake of arguing.

I said end up "like" Ali. I would say displaying the same symptoms as Ali qualifies as ending up "like" him.

Posted by: PortisPocketsStr8 | October 19, 2010 12:46 PM |

I'm not a doctor pockets, but I work in healthcare and folks with everything from parkinson's too quadriplegics. you posted athlete's ending up like ali and I said he had parkinson's disease, which he does. his parkinson's has nothing to do with concussions, fact.

Well, the National Parkinson Foundation sees a correlation between boxing and the disease (http://www.parkinson.org/boxing.htm), with the risk increasing with the length of a boxer's career and the number of fights. Causation is a tricker subject. It's conceivable that Ali would have developed Parkinson's even without a boxing career, but not enough is known about the disease at this time.

My guess is that boxing is to Parkinson's (and similar neurological ailments) as smoking is to lung cancer. Doing the former doesn't guarantee you'll get the latter, but your risk is increased dramatically.

There, found some information for you! Now can we stop the fighting children???

hey scamp, what happened to ITA ? c'mon dude, quit talking out of both sides of your mouth, that's all

Posted by: hessone | October 19, 2010 12:11 PM |

Didn't you read my monoblog from last Night? I said I was a hypocrit, duh. Also, I was repeatedly talking about the peabrains. El Beepo was talking about Cowtrolls. I think they're fair game...especially when their team is so ridiculously pathetic.

There, found some information for you! Now can we stop the fighting children???

Posted by: monk811 | October 19, 2010 1:05 PM |

Dementia pugilistica (DP) is a type of neurodegenerative disease or dementia, which may affect amateur or professional boxers as well as athletes in other sports who suffer concussions. It is also called chronic boxer’s encephalopathy, traumatic boxer’s encephalopathy, boxer's dementia, chronic traumatic brain injury associated with boxing (CTBI-B) and punch-drunk syndrome ('punchy'), as well as a variant form, Chronic traumatic encephalopathy. Symptoms and signs of DP develop progressively over a long latent period sometimes reaching decades, with the average time of onset being about 12–16 years after the start of a career in boxing. The condition is thought to affect around 15-20% of professional boxers.

Parkinsonism (also known as Parkinson's syndrome, atypical Parkinson's, or secondary Parkinson's) is a neurological syndrome characterized by tremor, hypokinesia, rigidity, and postural instability.[1] The underlying causes of parkinsonism are numerous, and diagnosis can be complex.

Parkinsonism,

this is where folks get confused.

Parkinsonism is a symptom of DP, which is listed above. IT IS NOT PARKINSON'S DISEASE ! yes getting your brains beat to a pulp can make anything you are diagnosed with worse. boxing and parkinson's disease have nothing to do with each other.

my son got lyme disease a few years back. one infectous disease specialist said it's chronic while another said it's curable. so far so good. so who's right ? from my experience I can tell you the body is still a mystery, with every individual a different story as far as health concerns.

The downside of watching it is that we expect better comments from you than "Why did they dump DT11? How bad can he be? He's gotta be better than someone." or "Play calling stunk. Look at the stats. 37 passes and 27 runs. Way too many passes."

The downside of watching it is that we expect better comments from you than "Why did they dump DT11? How bad can he be? He's gotta be better than someone." or "Play calling stunk. Look at the stats. 37 passes and 27 runs. Way too many passes."

If the league has the ability to reduce injuries that cause brain damage than it should do so. Reducing the number of helmet to helmet hits is one way to do this.

Posted by: PortisPocketsStr8 | October 19, 2010 1:10 PM |

now pockets, I agree with you and I hope the NFL can find a solution to the concussion problem, but at the same time the players are getting faster and stronger. logic only says that concussions are part of the game. I could swear the NFL Today years back had a segment on the NFL improving helmets because of concussions, and now the focus on this problem again.

without changing the game, enforce the helmet to helmet rules and upgrade the helmets themselves to 21st century standards.

HOW WOULD JASON REID'S FIRING FANANCIALLY IMPACT THE WASHINGTON POST?? Bruce Allen already stated that AH will not be traded and the HC said the same(in a round about way) So enough of the speculation and trying to develope a story that's not there, and lets focus on the Bears.

"Well, the National Parkinson Foundation sees a correlation between boxing and the disease (http://www.parkinson.org/boxing.htm), with the risk increasing with the length of a boxer's career and the number of fights. Causation is a tricker subject. It's conceivable that Ali would have developed Parkinson's even without a boxing career, but not enough is known about the disease at this time."

Right. Part of the problem is that you can have Parkinsonian symptoms without meeting criteria for Parkinson's Disease. Ali wasn't diagnosed for quite a while after he began showing symptoms.

It's magnetic scans that have greatly increased understanding of the long-term effects of head trauma. But there's still a great deal to learn.

ASHBURN, VIRGINIA -- As today's 4 p.m. (Eastern) deadline rapidly approaches for NFL teams to make their final trades of the season, the Washington Redskins have again been approached by the general manager of the Stockholm Stompers to ask about the availability of defensive lineman Albert Haynesworth.

The Swedish premier league football team is reportedly interested in moving Haynesworth into a defensive position near their net to assist the goalkeeper and help keep the crease clear of any members of the opposing team.

According to once source, the Swedish team is interested in "putting the stomp back in the Stompers."

In order to consummate the deal, the Stompers are reportedly willing to trade their star striker, Hamm Samvitch, in a straight up deal -- and even pay a share of Samvitch's 250,000 Euro salary for the remainder of the season. The Redskins reportedly value Samvitch’s superb kicking skills – which they expect would immediately improve the team’s punting and place-kicking squads.

But sources inside Redskin Park say that Redskin general manager Bruce Allen is driving a hard bargain -- and insisting that the Swiss also throw in a slab of chocolate and a round or two of their world-famous cheese be Allen will sign off on the deal.

Meanwhile, the Redskin coaching staff is also said to be concerned about Samvitch's work habits. According to several reports, Samvitch works hard both in season and throughout the off-season, is always ready and prepared to contribute whatever he can to help the team, is easy to get along with, humble and self-effacing, plays through his injuries without complaint, and generally is a pleasure to have in the locker room, on the sidelines and on the field of play.

According to one Redskin Outsider, with such a positive personality and work habits, Samvitch would have a extremely difficult time filling the void left by the departure of Haynesworth.

Can't belive people want to trade AH. Am I the only one that watch football games. Orakpo rookie 11 sacks last year Andre Carter career high in sacks last year. AH DEMANDS DOUBLE TEAMS. He free up these other players why is it that people cant see this. HE FREE UP OTHER Players. They even explained his role on the Titans he free up others to make plays. Just watch the games last year and look at the D line this year we have no pressure up the middle and orakpo is getting double team. It will be a huge mistake if AH gets traded.

I hope we don't have another Marty Schottenheimer in Mike Shanahan. Unless AH is disruptive in the minds of the players or is ineffective in the coach's mind, or the Skins can acquire a nose tackle that can occupy two defensive linemen pretty much all the time, I just say bite the bullet, coach.

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